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📝 Revision Notes
Key takeaways from today’s quiz to strengthen your preparation
International
Project PARI Public Art Initiative
Project PARI prominently features traditional Indian art forms—Phad, Thangka, Gond, and Warli—to rejuvenate Delhi’s public spaces. This initiative uses public art to increase cultural visibility and awareness by combining heritage art styles with urban environments for broader reach.
Business & Economy
Anti-Dumping Duties on Chinese Products
India imposed anti-dumping duties in March 2025 on five Chinese products: Soft Ferrite Cores, Aluminium Foil, PVC Paste Resin, TIC Acid, and Vacuum Flasks. This trade remedy counters imports sold at unfairly low prices that harm domestic producers, protecting Indian industry.
Business & Economy
Eri Silk Oeko-Tex Certification
India’s eri silk received Oeko-Tex Standard 100 certification from Germany’s Oeko-Tex institute. This certification signals the product is chemical-free and eco-friendly, supporting export appeal by improving trust, compliance, and marketability in global textile markets.
Business & Economy
US Leads India’s Remittance Inflows
According to RBI data, the United States emerged as India’s largest remittance source with a 28% share in FY24, overtaking traditional Gulf nations. This shift reflects higher contributions from developed economies, with remittances being crucial for foreign exchange and household incomes.
Business & Economy
Revised MSME Classification Norms
Under revised MSME rules effective April 2025, the threshold for Medium Enterprises is ₹125 crore investment and ₹500 crore turnover. This change facilitates revised MSME eligibility and credit access, using investment plus turnover cut-offs to determine policy support benefits.
Science & Technology
Space Debris Removal Partnership
Japanese company Astroscale partnered with Indian startups Digantara and Bellatrix Aerospace for space debris removal solutions. The partnership focuses on orbital debris servicing with an expected delivery timeline of 1-2 years, improving space safety through debris tracking and management.
Business & Economy
Edelweiss ARC Interim Leadership
Mythili Balasubramanian was appointed Interim MD & CEO of Edelweiss ARC until September 30, 2025, while a search process for a full-time CEO is underway. ARCs (Asset Reconstruction Companies) specialize in managing and resolving stressed assets and non-performing assets.
Business & Economy
IRDAI Advisory Committee Reconstitution
Five individuals were inducted into the IRDAI Insurance Advisory Committee in March 2025: MR Kumar, Dinesh Khara, Visakha Mule, Nilesh Shah, and Ellis G Vaidyan. The reconstitution under Section 25 of the IRDA Act, 1999 provides policy and governance inputs to India’s insurance regulator.
Sports
Chinese Grand Prix 2025 Winner
Oscar Piastri won the 2025 Chinese Grand Prix, with teammate Lando Norris finishing second in McLaren’s 1-2 finish. This result marked a bounce-back after the Australian GP setback. In F1, a one-two finish means two drivers from the same team finish 1st and 2nd.
International
International Day of the Unborn Child
The International Day of the Unborn Child, observed on March 25, commemorates unborn life and symbolizes opposition to abortion. This day focuses on the ethical, moral, and religious dimensions of prenatal life protection, distinct from neonatal healthcare or infant mortality awareness themes.
🎴 Revision Flashcards
Click each card to flip and test your recall
Tap to Reveal
Which art forms are featured in Project PARI?
Phad, Thangka, Gond, Warli
Rejuvenates Delhi’s public spaces with traditional art
Tap to Reveal
Name the 5 Chinese products facing anti-dumping duties
Soft Ferrite Cores, Aluminium Foil, PVC Paste Resin, TIC Acid, Vacuum Flasks
Imposed March 2025 to protect domestic industry
Tap to Reveal
What certification did India’s eri silk receive?
Oeko-Tex Standard 100
From Germany’s Oeko-Tex institute; chemical-free certification
Tap to Reveal
Which country is now India’s largest remittance source?
United States
28% share in FY24; overtook Gulf nations
Tap to Reveal
What is the revised MSME Medium Enterprise threshold?
₹125 Cr investment, ₹500 Cr turnover
Effective April 2025; facilitates credit access
Tap to Reveal
Which Japanese firm partnered on space debris removal?
Astroscale
With Digantara & Bellatrix Aerospace; 1-2 year timeline
Tap to Reveal
Who is Interim MD & CEO of Edelweiss ARC?
Mythili Balasubramanian
Until September 30, 2025
Tap to Reveal
Who won the 2025 Chinese Grand Prix?
Oscar Piastri
McLaren 1-2 finish with Lando Norris second
Think & Discuss
Anti-Dumping Duties: Protecting Industry vs. Global Trade Integration
Context from today’s quiz: India imposed anti-dumping duties on five Chinese products—Soft Ferrite Cores, Aluminium Foil, PVC Paste Resin, TIC Acid, and Vacuum Flasks—to counter unfairly low-priced imports and protect domestic industry.
🤔 Your Perspective Matters
Anti-dumping measures represent a critical tension in modern economics: protecting domestic industries from predatory pricing while maintaining commitments to free trade and global economic integration. Critics argue such duties raise consumer prices and invite retaliatory measures; proponents contend they’re essential to prevent unfair competition that destroys local manufacturing capacity.
How should India strategically deploy anti-dumping duties—protecting nascent industries and employment while avoiding protectionism that hinders competitiveness, raises costs for downstream industries, and potentially violates WTO commitments?
How should India strategically deploy anti-dumping duties—protecting nascent industries and employment while avoiding protectionism that hinders competitiveness, raises costs for downstream industries, and potentially violates WTO commitments?
- Should anti-dumping duties be targeted narrowly at strategic sectors (defense, semiconductors, critical infrastructure) or broadly applied to any industry demonstrating harm from below-cost imports?
- How can India balance protecting domestic manufacturers with ensuring affordable inputs for downstream industries that depend on these imported materials for their own competitiveness?
- Do anti-dumping measures create a “breathing room” for Indian industries to become competitive, or do they enable inefficiency by shielding companies from market pressures to innovate and reduce costs?
We’d love to hear your thoughts! Share your perspective in the comments.
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